It’s no surprise that credit cards are becoming more and more popular in India. Ever since the Indian government implemented demonetisation, people have been trying to find a way to earn and save money. When you’re looking for a credit card, it can be hard to know which are the best cards for you. There are a number of factors to consider – reward programs, cashback options, insurance benefits, and so on. Credit cards are a great way to build up your credit profile while earning some additional benefits at the same time. In this article, we’ve compiled a list of the best credit cards in India that come with attractive benefits like cashback, reward programs, and other perks.
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The role of credit cards in India
Credit cards play an important role in the Indian economy. They are a popular way to make purchases and can be used to withdraw cash from ATMs. Credit cards also offer rewards and cashback, which makes them an attractive option for many consumers.
There are a number of different credit cards available in India. Some of the most popular include SBI Card, HDFC Bank Diners ClubMiles, ICICI Bank Platinum Edge and Citibank World Money. These credit cards offer a variety of benefits, including rewards, cashback and exclusive privileges.
Credit cards are an important part of the Indian economy and offer a number of benefits to consumers. They are a convenient and popular way to make purchases and can be used to withdraw cash from ATMs. Credit cards also offer rewards and cashback, which makes them an attractive option for many consumers.
Best Lifetime Free Credit Card in India 2023
There are many different types of credit cards available in India, and it can be difficult to choose the right one. However, if you are looking for a lifetime free credit card, there are a few things you should keep in mind.
First of all, make sure that the credit card you choose does not have an annual fee. There are some cards that charge an annual fee, but they usually offer other benefits that make up for it.
Second, look for a card that offers cashback or rewards on your purchases. This can help you save money in the long run, and it’s also a great way to get something back for using your credit card.
Finally, make sure that the interest rate on the credit card is reasonable. Some cards have very high-interest rates, which can make them difficult to pay off. Choose a card with a lower interest rate so that you can save money on your monthly payments.
If you keep these things in mind, you should be able to find the best lifetime free credit card in India for your needs.
List of Best Lifetime Free Credit Card in India 2023
Amazon Pay ICICI Credit Card
- Amazon Pay ICICI Credit Card is the best credit c8ii ard in India to make shopping on Amazon.in easy and efficient.
- Prime customers will get 5% back on the spending made on Amazon.in.
- Non-prime customers will get 3% back on their spending made on Amazon.in, but will not be able to avail the same benefits as prime customers.
- Get 2% back on more than 100 Amazon Pay partner merch like entertainment, electronics, fashion, and more!
- Minimum of 15% discount on your dining bill at participating restaurants
- 1% waiver on fuel surcharge across all petrol pumps in India
- Zero Joining Fee & Renewal Fee
- Interest on cash advance fee = 42%-45.60 per annum.
- Extended credit overdue interest = 3.5%-3.80% per month or 42%-45.60% per annum.
- The late payment fee is the total amount due is
- Less than Rs.100 = nil.
- From Rs100-500 = Rs.100.
- From Rs.501-10,000 = Rs.500
- More than Rs.10,000 = Rs.750
ICICI Bank Platinum Chip Card
- Zero Joining Fee & Renewal Fee
- Supplementary Card Fee – NIL
- Interest on cash advance fee = 42%-45.60 per annum.
- Extended credit overdue interest = 3.4% per month or 40.80% per annum.
- The late payment fee is the total amount due is
- Less than Rs.100 = nil.
- From Rs100-500 = Rs.100.
- From Rs.501-10,000 = Rs.500
- More than Rs.10,000 = Rs.750
IDFC FIRST Millennia Credit Card
Reward Program
- 10X Reward Points on incremental spends above ₹20,000 per month
- 3X Reward Points on all the offline spends
- 6X Reward Points on all the online transactions.
- 10X Reward points on your birthday
- Unlimited Reward points that never expire
- Use Reward points to instantly pay for online or in-store purchases
- No fees for redeeming Reward points
Other Benefits
- Welcome voucher worth ₹500 on spending ₹15,000 or more within 90 days of card generation
- 5% cashback (up to ₹1000) on the transaction value of the first EMI done within 90 days of card generation
- Interest-free ATM Cash Withdrawal for up to 48 days
- Low-interest rate, starting at 0.75% p.m. (9% annually)
- 25% discount on movie tickets every month with a maximum of Rs100.
- 4 Complimentary Railway Lounge Visits every quarter.
- 4 Complimentary airport Lounge Visits every quarter.
- Fuel Surcharge waiver up to ₹200 per month
- Personal Accident Cover of up to 2 lacs
- Enjoy up to 15% discount at 3,000+ Health and Wellness outlets
- Dining discounts of up to 20% across 1,500 restaurants
- Convert your transactions above ₹3,000 to EMI
HSBC Visa Platinum credit card
Key features
- No joining and annual fees
- Introductory benefits up to INR2,250 with 3 complimentary airport lounge access at domestic & international lounges or 3 AirDine (meal)vouchers
- Air miles conversion on InterMiles, British Airways and Singapore Airlines
- 5-times (5X) rewards on subsequent purchases made after crossing the spend the amount of INR400,000 with a max of 15,000 accelerated reward points in an anniversary year
- Up to INR3,000 annual savings on fuel surcharge
Introductory offers
- Amazon voucher worth INR500
- 3 complimentary airport lounge access at domestic & international lounges or 3 meal vouchers*
- Google Pay – 50% discount (up to INR100) on the first transaction on Google Pay
- 10% cashback Up to INR2,0001
Additional benefits
- Zero-liability for lost cards: When your HSBC Visa Platinum Credit Card is lost you are not liable for transactions made after reporting and registering the card lost. You also have coverage for any misuse of your HSBC Platinum Visa up to 24 hours before, up to INR300,000.
- Emergency card replacement: If you lose your HSBC Visa Platinum Credit Card, you can call Visa Global Assistance Services or HSBC Helpline numbers. You can have your card cancelled and an emergency card issued anywhere in the world in just 3 days.
- Insurance benefits: All insurance benefits listed above are provided directly to credit cardholders by ICICI Lombard General Insurance Company Limited, whose terms, conditions and decisions, for which the Bank is not liable, will apply. Claims for settlement to be sent directly to ICICI Lombard General Insurance Company Limited. All insurance benefits on the credit card are available for valid primary cardholders only.
Eligibility for Credit Card
- Applicant should be either self-employed or salaried.
- The age should be at least 23.
- Good credit score.
Documentation for Credit Card
- KYC documents
- PAN card or Form 60
- Income proof such as salary slip, Income tax returns Form 16
- Proof of residence: Passport or driving license or ration card or electricity bill or Landline telephone bill
Accepted Documents
Proof of Identity
- PAN Card
- Aadhaar Card
- Voter’s ID Card
- Passport
- Driving Licence
Proof of Address
- Aadhaar Card
- Passport
- Utility bills (not more than 3 months old)
- Any other government-approved ID
Proof of Income
- Bank statement for the last 3 months
- Salary slips for the last 3 months
- Audited financials for the last two years (for self-employed)
- Form 16